SKSHU(SH:603737)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 2,053,207,278.54, representing a year-on-year increase of 20.92%[4] - The net profit attributable to shareholders was CNY 26,421,275.94, while the net profit after deducting non-recurring gains and losses was CNY -42,861,989.60[4] - Basic and diluted earnings per share were both CNY 0.07[5] - Net profit for Q1 2023 was CNY 28,802,609.04, a significant recovery from a net loss of CNY 39,876,271.74 in Q1 2022, marking a turnaround of approximately 172.3%[21] - The company reported a total comprehensive income of CNY 28,804,633.45, a significant improvement from a loss of CNY 39,874,535.88 in Q1 2022[22] Cash Flow - The net cash flow from operating activities was CNY -462,781,582.74, indicating a significant cash outflow[4] - Cash inflow from operating activities was CNY 3,004,682,662.41, compared to CNY 2,727,234,660.91 in the same quarter last year, showing a growth of approximately 10.1%[23] - Cash outflows from operating activities totaled 3,467,464,245.15, up from 3,024,813,630.21 year-over-year[24] - The net cash flow from investing activities was -272,932,713.19, slightly worse than -263,845,807.05 in the previous year[24] - Cash inflows from financing activities increased to 1,990,804,195.76, compared to 1,439,641,143.45 in the previous year, reflecting stronger financing efforts[24] - The net increase in cash and cash equivalents was 4,146,153.07, a significant decrease from 240,792,794.63 in the previous year[24] - The ending balance of cash and cash equivalents was 458,433,182.97, down from 638,103,206.76 year-over-year[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,397,217,699.88, a decrease of 2.56% compared to the end of the previous year[5] - Total liabilities decreased to RMB 10,895,289,217.80 from RMB 11,275,786,614.57, a reduction of about 3.4%[18] - Non-current liabilities increased to RMB 2,268,437,936.91 from RMB 2,067,241,342.64, an increase of approximately 9.7%[18] - The company's retained earnings as of March 31, 2023, were RMB 1,204,700,613.81, compared to RMB 1,178,279,337.87 at the end of 2022, reflecting an increase of about 2.2%[18] Shareholder Information - The company reported a total of 9,832 shareholders at the end of the reporting period[10] - The largest shareholder, Hong Jie, holds 67.02% of the shares, with 26,438,534 shares pledged[10] Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 2,080,993,837.11, up from RMB 1,819,235,073.08 in Q1 2022, reflecting a rise of 14.4%[19] - The company reported a net loss for Q1 2023, with total operating costs exceeding total operating revenue, indicating a need for strategic adjustments moving forward[19] - Research and development expenses increased to CNY 56,599,332.31 from CNY 54,269,081.63, reflecting a growth of approximately 4.3% year-over-year[21] - Sales expenses rose to CNY 382,261,130.50, compared to CNY 354,663,680.78 in the previous year, indicating an increase of about 7.8%[21] - Financial expenses increased to CNY 41,236,733.50 from CNY 34,778,739.55, reflecting a rise of about 18.5% year-over-year[21] Other Financial Metrics - The weighted average return on equity increased by 3.17 percentage points to 1.16%[5] - The company's cash and cash equivalents as of March 31, 2023, amounted to RMB 1,091,678,538.51, compared to RMB 1,064,137,669.65 at the end of 2022, showing a slight increase[15] - Accounts receivable decreased to RMB 3,750,675,695.30 from RMB 4,239,811,073.34, indicating a reduction of approximately 11.5%[15] - Inventory as of March 31, 2023, was RMB 631,543,452.27, down from RMB 656,919,377.34, a decrease of about 3.9%[15] - Total assets decreased to RMB 13,397,217,699.88 from RMB 13,748,910,463.20, reflecting a decline of approximately 2.6%[18] Accounting Standards - The company did not apply new accounting standards or interpretations for the first quarter of 2023[25]